Total ACCU traded volumes of 3.5M were reported via our Survey Panel in September, with volumes continuing to accelerate year-on-year as Q3 total volumes closed 37% higher than 2024 behind increased spot and derivatives volumes. As of end-September, total YTD volumes are now 1.4x higher than the same period last year.
Price action over the month closely tracked Australia’s updated Nationally Determined Contribution (NDC), announced on 18 September, lifting to YTD highs early in the month, before retracting as the market readied for a target in the “low-to-mid 60s”.
RepuTex’s Generic ACCUs (Market Close) assessment closed September up $0.40/t MoM (+1.1%), at $37.30/t, $0.15/t below our daily volume-weighted assessment. Our HIR ACCU (Market Close) assessment rose by $0.75/t (+2.0%) MoM to $37.50/t, $0.05/t above our daily volume-weighted assessment.
This monthly State of the Australian Carbon Market report provides a detailed review of activity in the ACCU spot and derivative markets over the past month, including pricing and traded volumes for spot, forward and options, market depth, net market holdings (inventory), and our OTC ACCU forward curves.
If you have any questions on this article, contact our Client Services team via email.
Kind Regards,
The RepuTex Team
Australian Energy Markets
